Bulgaria

Bulgaria has the most affordable rates for products and services among all EU members, claims Eurostat. Prices in Bulgaria continue to be constrained due to the nature of the economic situation in Europe, particularly within the eurozone, even if it is now experiencing modest producer price inflation.

The nation is charged with preventing development because of the enormous bureaucracy and red tape that have so far discouraged investment.

While this may not be advantageous for those who wish to see Bulgaria's living standards rise and its employment rates rise, it may not be a terrible thing for retirees who are drawn to the country by its still affordable costs.

Living outside of the major towns and cities is affordable by most people's standards, and as long as you stay away from the summer or winter destinations, real estate is still available for rent and purchase at reasonable prices. Even if you decide to live in Sofia, the capital of Bulgaria, you'll be pleasantly surprised by how inexpensive daily costs are.